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20120927
20120927
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to magically right lf t i -os thought it was an interesting -- that sound we played from romney, kind of backing away from his announcement that everybody's tax res are going to go down. it is, i think, an atput math mat kaly impossible. to balance the budget and cut rates you have to close loopholes on middle income earnings which means their taxes go up. >> it's responsive to the effective line in the speech about take two tax cuts and cal er p40 years the hasi republican solution has been a tax cut and david's chart proves the point. years and years ago, decades, when rate was % top earner rate, cut from 70% to 50%, yes, mas a really big differen. w tte' cngm to 35 or 35 to 32 or 32 to 31, you're not getting much bang for your buck. really each incremental piece that you take off from the revenue matters in the budget. i think they're not stup about this, they know tre's not a lot to be gained from saying we g you an extra 3%. they may try to get in front of it or erase it as quickly as possible. >> the bigger issue, as we talk about, putting more money in the pockets of a higher
in place. what do you make of this movement now on -- by folks on the right, you saw mitt romney earlier this hour trying to make there's a democratic issue? this is something that the president somehow did on his own or just put this on the plate of democrats in congress and not take any sort of -- not -- to say they're not accountable for the votes? >> well, the goal of the sequester was to try to put some pressure on ourselves to address a long-term balanced bipartisan solution to deal with the debt and deficits in this country. as you point out, when we pass the budget control act, that included the sequester, it was a very strong bipartisan vote and the senate and in congress. it was signed off on by the leadership on both sides and both houses. and so, i think this is an effort that we need to follow through on. the goal was never to let the sequester to go into effect, never to do across the board cuts. i don't know anybody who thinks that's a good idea. so what we need to do is roll up our sleeves and come up with a long-term solution that addresses all aspects of the budget, the
Search Results 0 to 1 of about 2